Anand Rathi Wealth IPO: Here's how to check allotment status & GMP

NEW DELHI: Anand Rathi Wealth, whose initial public offer (IPO) saw 9.78 per cent subscription, is set to announce the share allotment on December 9, Thursday.

The Rs 660-crore IPO received bids for 8,29,21,509 shares against 84,75,000 shares on offer, according to data available with the NSE. The category for non-institutional investors was subscribed 25.42 times, Retail Individual Investors (RIIs) 7.76 times and Qualified Institutional Buyers (QIBs) 2.50 times.

The initial public offer of up to 12,000,000 equity shares had a price range of Rs 530-550 per share. The company had raised Rs 194 crore from anchor investors.


The grey market premium (GMP) for Anand Rathi Wealth stands at Rs 25-28, meaning if it sustains, the stock may list flat.

Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Anand Rathi Wealth Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on 'I am not a Robot', and hit submit.

You can also check the allotment status on the online portal of Link Intime India Private Limited (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and who electronically processes all applications, and carries out the allotment process as per the prospectus.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading of refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit

Bidders who could not get allotment in the IPO may see the initialisation of refunds on December 10. Others, who would be allotted shares may see the credit of shares in the demat account by December 13. The listing of the IPO is likely on December 14.